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Worthmore Property Management Sells Industrial Property In Hudson, MA For $2.55M

Property Image
SOLD
$2,550,000

Massachusetts

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Industrial26,130 SF
Sold 03/02/2022
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Property Image
SOLD

Worthmore Property Management Sells Industrial Property In Hudson, MA For $2.55M

1 Bonazzoli Avenue, Hudson, MA 01749

See Similar Deals
Industrial26,130 SF
Sold 03/02/2022
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:26,130 SF
Transaction Type:Sale

Located at 1 Bonazzoli Ave in Hudson, MA, this industrial property was recently sold in a closed transaction. Spanning 26,130 square feet, the property stands as a valuable asset in the market. The sale took place on 03/02/2022 for a price of $2,550,000, resulting in a price per square foot of $98.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,550,000
  • Address: 1 Bonazzoli Ave
  • Market: Hudson, MA
  • Square Footage: 26,130
  • Seller: Worthmore Property Management
  • Buyer's Representative: Alex Wood - SVN | Parsons Commercial Group | Boston
  • Seller's Representative: Bill Sullivan - Avison Young

Alex Wood from SVN | Parsons Commercial Group | Boston served as the buyer's representative in this transaction, while Bill Sullivan from Avison Young represented the seller. The involvement of these key individuals showcases their expertise and commitment to ensuring a successful deal.

Players

Alex Wood
3 deals$6.4M volume
BROKER

William "Bill" Sullivan
Avison Young
1 deal$2.6M volume
BROKER

Details

SOLD
IMAGE: Alex Wood DATE: 03/02/2022 ADDRESS: 1 Bonazzoli Ave MARKET: Hudson, MA ASSET TYPE: Industrial SELLER: Worthmore Property Management BUYER'S REP: Alex Wood - SVN | Parsons Commercial Group | Boston SELLER'S REP: Bill Sullivan - Avison Young SALE PRICE: $2,550,000 SF: 26,130 ~ PPSF: $98

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61